The Newcastle Permanent Value+ credit card offers competitive rates and fees plus the convenience of Visa. Purchases, cash advances and balance transfers all attract a 11.99% p.a. interest rate and the card charges a low $49 annual fee.
Newcastle Permanent Value+ Credit Card
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 11.99% p.a.
- Purchase rate
- 11.99% p.a.
- Annual fee
- $49 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Cut credit card costs with a competitive annual fee and a low 11.99% purchase rate.
The Newcastle Permanent Value+ credit card combines a competitive annual fee and interest rate. It’s also one of the few cards that charges the same low interest rate on purchases and cash advances. Although customers can enjoy the perks you’d usually expect with a Visa, this card doesn’t come with extra features like rewards and complimentary insurance that you could expect with a more expensive product.
Pros
-
A relatively low annual fee of $49 p.a.
-
A low interest rate of 11.99% p.a. on purchases, cash advances, and balance transfers
Cons
-
Does not offer any rewards
Details
Product details
| Product Name | Newcastle Permanent Value+ Credit Card |
| Balance transfer rate p.a. | 11.99% |
| Purchase rate p.a. | Purchase rate p.a. 11.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 11.99% |
| Min credit limit | $500 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Minimum income | $20,000 |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $49 |
| Minimum monthly repayment | 3% of the closing balance or $10, whichever is greater |
| Late payment fee | $5 |
| Foreign currency conversion fee | Foreign currency conversion fee 3% |
| Cash advance fee | 2% or $2.50, whichever is greater |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 3 |
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Sally Finder
Producer
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Jonathan
June 17, 2017
Hi Rakez!
Thanks for the comment.
One requirement for applying on this card is a permanent Australian citizen and currently resides in Australia.
You can check out instead of a list of credit cards for temporary residents.
Select the “Go to Site” button of your chosen card to proceed with your application.
Hope this helps.
Cheers,
Jonathan
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Angela
October 13, 2015
Hello. I am looking to apply for a personal loan from Newcastle Permanent to pay off high rate credit cards with other banks(to clear my debt) and then also applying for a lower rate credit card with you, of say $3,000. How long does the approval process usually take for both of these products?
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Jonathan Finder
October 14, 2015
Hi Angela, thanks for your inquiry!
Credit card approval can be instant upon application approval or conditional (Requiring validation of documents etc) which can take 2-3 business days, this also applies to personal loan applications.
Cheers,
Jonathan
Christina
May 18, 2015
Under your Value+Credit Card do I have any type of cover for car hire abroad as in Insurance or Liability for injury to people or Free collision and auto theft cover. I understand a lot of visa card providers offer these sorts of cover. thank you
Jonathan Finder
May 18, 2015
Hi Christina,
Thanks for your inquiry.
This credit card does not include rental excess insurance. Please refer to the following links for cards that include rental car hire insurance and complimentary travel insurance.
Cheers,
Jonathan
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Rakez
June 17, 2017
Hi. I want to apply for Newcastle Permanent Value+ Credit Card. But I am a permanent Resident not Australian citizen. Do I qualify to apply? Thank you.